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Total to Increase Production 4% in 2016
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Total has announced Q1 2016 results.
Highlights: Started production from Laggan-Tormore in the United Kingdom with production capacity of 90 thousand barrels of oil equivalent per day (kboe/d) Started production from Vega Pleyade in Argentina with production capacity of 70 kboe/d Signed long-term LNG sale and purchase agreements of around 1.5 million tons per year with Pertamina in Indonesia and ENN in China Finalized the sale of the FUKA gas pipeline network in the North Sea and announced the sale of a 20% interest and transfer of operatorship of the Kharyaga field in Russia to Zarubezhneft Acquired the main network of service stations in the Dominican Republic and finalized the sale of the marketing and distribution activities in TurkeyHydrocarbon production was 2,479 thousand…
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